Monday, October 27, 2025

Latest

Canadian Renters Paid 12% More to Keep a Roof Over Their Head in October

Renters across Canada continued to pay substantially more to keep a roof over their head last month, as prices jumped almost 12% from one year ago.

The latest monthly report from Rentals.ca showed that rent prices for all property types rose 11.8% to an average of $1,976 in October. Landlords charged an average of $209 more per month from last year, and 7% more compared to the pre-pandemic high of $1,845 reported in October 2019. In fact, last month’s annual rental hike is more than twice the annual increase in Canadians’ average hourly wages, as per figures published by Statistics Canada.

Canadians living in the hot housing markets of Vancouver and Toronto were paying the highest rent, with prices reaching $2,576 and $2,478 respectively. The most affordable rents for major cities with populations over 1 million were Calgary and Edmonton, where rental costs stood at $1,717 and $1,273, respectively, in October.

Regionally, rental prices increased the most in Atlantic Canada, rising 32.2% year-over-year for condo and purpose-built units. Conversely, the prairie provinces were the most affordable places to rent, with rent growth rising only 4.9% in Manitoba and 9.7% in Saskatchewan, while renters in Quebec only paid 3.3% more compared to October 2021.

Information for this briefing was found via Rentals.ca. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

US Construction Starts Increase 17% in June as Demand for City Living Drops

As lockdowns and stay-at-home orders are eased across much of the US, home builders have...

Saturday, July 18, 2020, 01:13:00 PM

Property Developer Kaisa Misses Payment as China’s Default Contagion Continues

In yet another testament that China’s real estate sector is crippling under an acute debt...

Sunday, November 7, 2021, 03:51:00 PM

Oh Deer! Housing in the Headlights

It’s handy to imagine the housing market as a living organism. Various active systems perform...

Saturday, November 5, 2022, 09:00:00 AM

Romspen Halting Redemptions May Be Sign Of Investor Drawback On Private Mortgage Lending

One of Canada’s biggest private mortgage lenders recently halted redemptions from its flagship real estate...

Monday, October 3, 2022, 04:32:00 PM

Toronto’s Housing Market Cools Off In April As Prices Slide From Historic Highs

Toronto’s skyrocketing home sales activity showed signs of cooling off last month, as an increasing...

Sunday, May 9, 2021, 03:19:00 PM